FINANCIALS
ADDITIONAL INFORMATION US$
TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2005
| | | 2005 | 2004 |
| | | RESTATED |
| | US$M | US$M |
| REVENUES |
|
| LEASE RENTAL INCOME | | 188,9 |
147,2 |
| MANAGEMENT FEES | | 15,5 |
17,9 |
| TRADING CONTAINER SALES PROCEEDS | | 16,0 |
8,4 |
| GAIN ON SALES OF ASSETS, NET | | 10,5 |
4,3 |
| OTHER, NET | |
3,5 | 2,5 |
| | |
234,4 |
180,3 |
| OPERATING EXPENSES | | | | |
| DIRECT CONTAINER EXPENSE | | 26,2 |
18,7 |
| COST OF TRADING CONTAINERS SOLD | | 12,9 |
6,2 |
| DEPRECIATION EXPENSE | | 60,9 |
48,3 |
| GENERAL AND ADMINISTRATIVE EXPENSE | |
21,8 | 22,2 |
| TOTAL OPERATING EXPENSES | |
121,8 | 95,4 |
| INCOME FROM OPERATIONS | | 112,6 |
84,9 |
| OTHER (EXPENSE)/INCOME | | (24,5) |
(14,2) |
| INTEREST EXPENSE | |
(27,5) | (13,5) |
| INTEREST INCOME | |
1,1 | 0,4 |
| REALISED LOSSES ON DERIVATIVE INSTRUMENTS | |
(4,2) | (9,9) |
| UNREALISED GAINS ON DERIVATIVE INSTRUMENTS | |
8,7 | 9,0 |
| OTHER, NET | |
(2,6) | (0,2) |
| MINORITY INTEREST IN NET INCOME OF SUBSIDIARY |
| (21,6) |
(14,5) |
| INCOME BEFORE INCOME TAX EXPENSE | | 66,5 |
56,2 |
| INCOME TAX EXPENSE | |
(4,7) | (4,0) |
| NET INCOME | |
61,8 | 52,2 |
|
|
